[April 16, 2014]
(Reuters) — Post-it notes maker 3M Co <MMM.N> said its
board opposed a proposal by shareholder James McRitchie
to allow investors holding enough shares to take a
particular action through written consent without
putting it to a vote.

McRitchie and his shareholder activist ally John
Chevedden proposed that such actions be approved without prior
notice to other stockholders or the company, 3M said in a letter
to stockholders.

"The proposal would allow a group of stockholders to force
fundamental changes on the company, such as a sale or
replacement of the board of directors," Chief Executive Inge
Thulin said in the letter.

(Reporting by Sagarika Jaisinghani in Bangalore;
editing by Kirti Pandey)